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Hourly Wage for Insurance Underwriter III Salary in the United States

Hourly Wage for Insurance Underwriter III Salary

How much does an Insurance Underwriter III make hourly in the United States? The average hourly wage for an Insurance Underwriter III in the United States is $45 as of March 26, 2024, but the range typically falls between $40 and $52. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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Insurance Underwriter III Salaries by Percentile
Percentile Hourly Pay Rate Location Last Updated
10th Percentile Insurance Underwriter III Salary $36 US March 26, 2024
25th Percentile Insurance Underwriter III Salary $40 US March 26, 2024
50th Percentile Insurance Underwriter III Salary $45 US March 26, 2024
75th Percentile Insurance Underwriter III Salary $52 US March 26, 2024
90th Percentile Insurance Underwriter III Salary $58 US March 26, 2024
25% $40 10% $36 90% $58 75% $52 $45 50%(Median) Didn’t find job title? Click
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Job Description

The Insurance Underwriter III utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Being a Insurance Underwriter III ensures that underwriting activities comply with all industry and governmental regulations. Calculates renewal rates. In addition, Insurance Underwriter III may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. Being a Insurance Underwriter III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Working as a Insurance Underwriter III typically requires 4-7 years of related experience. (Copyright 2024 Salary.com)

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Job Openings for Insurance Underwriter III

Career Path for this job

  1. Down a level:

    Insurance Underwriter II

    2 - 4 years experience
    Bachelor's Degree

  2. This Job:

    Insurance Underwriter III

    4 - 7 years experience
    Bachelor's Degree

  3. Up a level:

    Insurance Underwriter IV

    7 + years experience
    Bachelor's Degree

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Understand the total hourly compensation opportunity for an Insurance Underwriter III, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
40
52
45

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
43
57
48
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Insurance Underwriter III in the United States. The average hourly rate for Insurance Underwriter III ranges from $40 to $52 with the average hourly pay of $45. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $43 to $57 with the average total hourly cash compensation of $48.
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40
52

 

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